Boeing’s recent assertion that the appetite of capital markets to fund airliner orders has increased comes as especially welcome news to manufacturers and their customers at a time when other sources of funding seem under pressure. Export credit, in particular, now comes generally at higher interest rates and with tougher equity requirements. At the same time, such government-backed capital has become a hostage to global politics, according to Kostya Zolotusky, managing director for capital markets development and leasing at Boeing Capital.
Economy of the United States
Here at EBACE, Bordeaux, France-based Otonomy Aviation has announced a recent order for its Parabellum security system and CamHD high-definition camera system for an undisclosed Boeing 747-8 VVIP completion. This latest order brings to 25 the number of completions on which Otonomy (Booth 1826) has installed its security systems and high-definition cameras. “This is a great accomplishment for Otonomy Aviation,” said company CEO Guillaume Daudon.
Boeing on Tuesday morning officially delivered the first 787 since aviation authorities around the globe grounded the model nearly four months ago. Plans call for Dreamliner Line Number 83—an All Nippon Airways airplane—to take off from Boeing’s Everett, Washington, production site for Tokyo on Wednesday afternoon.
Phoenix-based Mesa Air Group has rejoined the Regional Airline Association (RAA) after a 12-year absence. Mesa’s admission increases the RAA’s airline membership rolls to 27 carriers operating half of all U.S. commercial flights.
Memphis-based Pinnacle Airlines on Wednesday officially emerged from bankruptcy as a wholly owned regional subsidiary of Delta Air Lines.
Boeing and 787 operators around the world began installing modification kits in their Dreamliners last Friday after the U.S. Federal Aviation Administration approved the manufacturer’s proposed “fix” to their battery systems.
Boeing Business Jets celebrated the completion of the first BBJ for China’s Nanshan Jet at a ceremony yesterday at ABACE 2013 in Shanghai. “The Nanshan Group is an excellent example of a customer who understands the unique capabilities of the Boeing Business Jet and how this airplane addresses the needs of emerging Chinese global business,” said Boeing Business Jets president Steve Taylor.
Nordam announced that Phil Marshall joined the company as vice president and general manager for the interiors and structures division. Marshall’s most recent positions include vice president of production operations for United Launch Alliance, and general manager for Boeing facilities in Decatur, Ala. and Pueblo, Colo. His previous positions have included responsibility for industrial engineering, manufacture, assembly, testing and product support of space-launch vehicle components and commercial aircraft parts.
Boeing Business Jets celebrated the 40th year of Boeing commercial sales in China and the delivery of the 1,000th Boeing airliner to the market, a 737-800 purchased by China Eastern Airlines, today at ABACE. Meanwhile, the company plans to deliver six green BBJs this year, four of which are destined for Asia and three of those are China bound. Seven BBJs will enter service this year, three in Asia, including one in China.
Epic Aircraft (Booth No. SNF-003) plans to gain FAA certification for its Epic LT turboprop single late next year, the Bend, Ore.-based company told AIN at the Sun ’n Fun Fly-in in Lakeland, Fla. It has already fielded 40 owner-flown versions of the 325-knot airplane, with S/N 49 now on the production line.
The company is now using a demonstrator for initial flight testing and will soon start building two conforming prototypes that it will use for FAA certification efforts. Both prototypes are expected to be flying by year-end, according to company president Doug King.